Cadence Design Systems, Inc.
CDNS · NASDAQ
Company research
Cadence Design Systems, Inc. (NASDAQ: CDNS) is a global leader in electronic design automation (EDA) and computational software, headquartered in San Jose, California, and founded in 1988. The company delivers a comprehensive suite of solutions — including software, specialized hardware, intellectual property (IP), and professional services — that enable semiconductor and electronic system companies to design, verify, and implement complex integrated circuits (ICs), systems-on-chip (SoCs), and printed circuit boards (PCBs). Under the leadership of CEO Anirudh Devgan, Cadence serves a diverse clientele across industries such as 5G communications, automotive, aerospace and defense, hyperscale computing, and consumer electronics, with international customers accounting for more than half of its revenue. With a market capitalization of approximately $106 billion and approximately 12,837 full-time employees, Cadence continues to expand its capabilities into AI-driven computational software and molecular modeling, reinforcing its position as an indispensable technology partner in the global semiconductor ecosystem.
Research reports
Hudson Labs · July 8, 2026Cadence Design Systems (CDNS) — Q2 2026 Earnings Preview
This earnings preview assesses Cadence’s raised FY26 revenue and EPS guidance versus consensus, emphasizing record backlog, high-teens growth across Core EDA, IP, SDA, and hardware, while highlighting China exposure, Hexagon D&E integration, and the challenge of tough year-over-year comps as key watchpoints for investors.
Hudson Labs · June 19, 2026Cadence Design Systems, Inc. (CDNS) — Equity Initiation ReportThis initiation report presents CDNS as a global leader in EDA, IP, and system design, supported by 14% FY2025 revenue growth, 20% non-GAAP EPS growth, an approximately 7.8B backlog, and strong AI-driven demand, while outlining major risks around semiconductor capex cyclicality, China/export-control exposure, intense competition, M&A integration, and hardware-cycle volatility.
Ultra Stock Analysis Pro · March 2, 2026Cadence Design Systems, Inc. (CDNS) – Analyst ReportThis report issues a HOLD rating on CDNS with a 6–12 month horizon, citing a roughly 23.4% upside to an analyst consensus target of about 371.82, a premium valuation at roughly 32x forward P/E, mid-teens earnings growth, strong institutional ownership, and backtested technical performance, while stressing risk management given neutral technical confluence and moderately bearish recent news sentiment.
KoalaGains · October 29, 2025Cadence Design Systems, Inc. (CDNS) – Long-form Fundamental AnalysisThis Buffett-style fundamental write-up characterizes CDNS as a world-class, duopolistic EDA franchise with exceptional profitability, massive cash generation, and a very strong moat driven by mission-critical tools, extreme switching costs, and foundry partnerships, but warns that its stretched valuation and high P/E mean new investors should be cautious, framing upside as attractive but not without significant valuation risk.